Search
-
Producer prices record back-to-back decline in Apr as energy falls by 24.4 pct YoY
EconomyMacroeconomyGreece’s Producer Price Index (PPI) contracted for the second consecutive month in April, falling by 13.3 percent year-on-year (YoY), from a 10.9 percent contraction in March, ELSTAT data showed on Tuesday. The index was in negative territory for most of 2020 and up to March 2021, when it grew
2% -
March sees first retail sales fall for two years, volumes show consumption diving
EconomyMacroeconomyGreece’s retail sales turned negative for the first time since 2021, with a marginal drop of 0.3 percent year-on-year (YoY) in March, from a downward revised rise of 9.8 percent in February, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday. The corresponding volume index dropped
2% -
Manufacturing grows in May, but at slowest pace in last four months
EconomyMacroeconomyGreece’s Manufacturing PMI remained in expansion territory in May, although it fell marginally to 51.5 points, from 52.4 points in April, according to S&P Global data released on Thursday. This is the fourth month that the conditions in the Greek manufacturing sector have improved, though May
2% -
Annual GDP growth slows in Q1, contracts by 0.1 pct QoQ
EconomyMacroeconomyGreece’s seasonally adjusted (SA) GDP decreased by 0.1 percent quarter-on-quarter (QoQ), from a downward revised 1.1 percent in the last quarter of 2022, provisional data from the Hellenic Statistical Authority (ELSTAT) revealed on Wednesday. This was the first quarterly GDP drop since the second
2% -
Newsletter 384 - 09/06/2023
26 months. The data for the first four months of 2023 showed that the trade deficit decreased
2% -
CPI growth stable at 2.8 pct in May, food inflation gathers pace at 11.6 pct
EconomyMacroeconomyThe rise in Greece’s Consumer Price Index (CPI) remained broadly unchanged in May, growing by 2.8 percent year-on-year (YoY), from 3 percent in April, according to the data released on Friday by the Hellenic Statistical Authority (ELSTAT). The average CPI for the rolling 12-month period increased
2% -
Industrial production rises by 4.2 pct in April thanks to growth in electricity supply
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) picked up pace in April, rising by 4.2 percent year-on-year (YoY), after an upwards revised growth of 0.1 percent in March, according to Hellenic Statistical Authority (ELSTAT) data released on Friday. After last month’s revision, the index has been
2% -
Car sales pick up pace in May, up 13.8 pct in first five months
EconomyMacroeconomyRoad motor vehicles going into circulation for the first time accelerated in May, rising by 5.6 percent year-on-year (YoY), after slowing down to 1.1 percent in April, according to Hellenic Statistical Authority (ELSTAT) data released on Tuesday. In May 2022, the year-on-year change was a 21.3
2% -
Import price index falls for third straight month in Apr as energy prices contract by 35 pct
EconomyMacroeconomyThe contraction of Greece’s import price index accelerated further in April, as it fell by 17.5 percent year-on-year (YoY), after dropping by 12.7 percent in March, according to data released by the Hellenic Statistical Authority (ELSTAT) on Wednesday. This is the third negative reading
2% -
Budget primary surplus comfortably beats target in May as taxes outperform by 2 bln
EconomyMacroeconomyThe budget primary balance came to a surplus of 2.29 billion euros in May, compared to a deficit of 1.49 billion euros in the same period of 2022, according to the preliminary Finance Ministry (MoF) budget execution data released on Thursday. In the first five months of the year, the budget
2%